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The world gold market turned down sharplyAsset Strategies International president and CEO Rich Checkan predicts that gold will likely face profit-taking pressure in the short term. However, he still believes that the gold shortage in London, tariff policies from US President Donald Trump and "persistent" inflation will contribute to driving gold prices higher. After central banks announce their interest rate decisions and inflation data, this week the market will turn its attention from there to labor issues, with the December nonfarm payrolls report due. released on Friday. Gold traders will also be interested in a variety of other data expected to influence the market, such as manufacturing and services activity reports, employment numbers, and the Bank's monetary policy decision. UK goods, weekly unemployment claims in the US, and preliminary data on consumer sentiment from the University of Michigan in January.
TVC:GOLDShort
by FalCol_TradingMaster
EUR/USD Weekly: Double Top Signals Further Downside Potential The EUR/USD weekly chart shows a clear double top formation, with the neckline already broken, indicating a potential bearish continuation. Scenario 1: The price could retest the broken neckline, which now acts as resistance, before resuming its downward move. This scenario aligns with the prevailing bearish trend, targeting the key support zone at 0.99810. Scenario 2: If the price manages to break above the resistance after retesting the neckline, it may enter a consolidation phase within the larger descending channel. However, the overall trend remains bearish unless the price breaks out of the channel. The ultimate target for this downtrend lies in the 0.99810 region, where significant support could trigger a reaction. Traders should monitor the neckline retest and price behavior near resistance for further confirmation.
Short
by melikatrader94
10
World gold prices are under pressureDespite the decline, gold prices are receiving very positive forecasts from experts. Kitco News' latest weekly gold survey shows that industry experts maintain a positive view on the precious metal. Meanwhile, retail investors also forecast that gold prices will reach higher levels in the near future. 9 experts, equivalent to 69%, expect gold prices to exceed record levels this week. There are 4 experts, equivalent to 31%, forecasting that gold prices will decrease. No one thinks gold will move sideways or accumulate this week. Meanwhile, 147 investors participated in Kitco's online poll, with individual investors as optimistic as experts. 101 traders, or 69%, expect gold prices to rise next week, while 27, or 18%, expect gold to fall. The remaining 19 investors, accounting for 13% of the total, believe that gold will move sideways in the short term. 🔥 XAUUSD SELL 2784 2786🔥 ✔️TP1: 2775 ✔️TP2: 2765 ✔️TP3: OPEN 🚫 SL: 2795
OANDA:XAUUSDShort
by FalCol_TradingMaster
Bullish bounce?GBP/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 189.28 1st Support: 184.60 1st Resistance: 194.65 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
Bullish bounce off 61.8% Fibonacci support?EUR/GBP is reacting off the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 0.8321 1st Support: 0.8224 1st Resistance: 0.8393 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bullish bounce off 50% Fibonacci support?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 153.39 1st Support: 149.27 1st Resistance: 158.28 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bearish drop?The Cable (GBP/USD) has reacted of the pivot which is an overlap resistance and could drop to the 1st support? Pivot: 1.2493 1st Support: 1.2162 1st Resistance: 1.2770 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish reversal?USD/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 155.69 Why we like it: There is a pullback resistance level. Stop loss: 156.61 Why we like it: There is an overlap resistance level that aligns with the 127.2% Fibonacci extension. Take profit: 154.19 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
Gold weekly expected move read the caption The metal resumes higher in wave ((iii)). Up from wave ((ii)), wave i ended at 2766.3 and wave ii ended at 2744.78. Wave iii higher ended at 2798.55 and wave iv pullback ended at 2788.43. Expect wave v higher to end soon which completes wave (i) in higher degree. Then the metal should pullback in wave (ii) in 3, 7, or 11 swing to correct cycle from 1.28.2025 low before it resumes higher again. Near term, as far as pivot at 2730.23 low stays intact, expect dips to find support in 3, 7, 11 swing for more upside
OANDA:XAUUSDLong
by Mrsam36
US Economic Data Impact: Will EURUSD Test Support zone Again?Today, key U.S. economic data was released , including GDP , Unemployment Claims , and the GDP Price Index . These data points had a direct impact on the U.S. dollar, resulting in volatility in the EURUSD pair . The weaker-than-expected GDP and lower inflation caused a temporary weakening of the USD, but the strong labor market data still supports the dollar, potentially limiting further downside for EURUSD. This was an analysis of the US economic data that was released today. ------------------------------------ EURUSD ( FX:EURUSD ) entered the Resistance zone($1.054-$1.044) again, and it seems that this move is a Pullback to the ascending channel (broken) . According to Elliott's wave theory , pullback appears to be a Zigzag corrective wave(ABC/5-3-5) . I expect EURUSD to attack the Support zone($1.039-$1.033) again, 100_SMA(4-hour) , and decline to at least the width of the broken ascending channel . Was the bullish candle the previous hour in the role of a pullback or the start of another upward trend for EURUSD? Note: If EURUSD goes over $1.049, we can expect more pumps. Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
11
USDCNY Bearish Leg confirmed after this 1D MA50 failure.The USDCNY pair has technically topped as it broke below its 1D MA50 (blue trend-line) and upon a re-test, it got rejected. This test-and-fail pattern is seen during both previous Bearish Legs in the past 15 months. Even the 1D RSI is identical among all three fractals and they both ended up declining by roughly -3.60%. As a result, we turn bearish here on a confirmed break-out signal, targeting 7.0800. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
#CADJPY 1DAYCADJPY (1D Timeframe) Analysis Market Structure: The price is currently respecting a channel support level, indicating that buyers are defending this zone. This support has previously acted as a strong area for reversals, suggesting the possibility of a bullish move if the price holds above it. Forecast: A buy opportunity is expected if the price confirms a bounce from the channel support, signaling potential upside movement within the channel. Key Levels to Watch: - Entry Zone: Near the channel support after confirmation of bullish signals. - Risk Management: - Stop Loss: Placed below the channel support or the recent swing low. - Take Profit: Target the midline or upper boundary of the channel for potential upward movement. Market Sentiment: The channel support level suggests that buyers may take control if the price holds above this area. Confirmation of a bounce is recommended before entering a trade to align with the prevailing market structure.
Long
by PIPSFIGHTER
#CHFJPY 1DAYCHFJPY (1D Timeframe) Analysis Market Structure: The price has broken down below the support line of a symmetrical triangle pattern, indicating a shift in market sentiment toward the downside. This breakdown suggests that buyers were unable to hold the support level, leading to increased selling pressure. Forecast: A sell opportunity is expected as the price moves below the broken support line, confirming bearish momentum. Further downside movement is likely if the price remains below this level. Key Levels to Watch: - Entry Zone: After a confirmed breakdown and possible retest of the previous support as resistance. - Risk Management: - Stop Loss: Placed above the broken support line or recent swing high. - Take Profit: Target lower support zones for potential downside movement. Market Sentiment: The breakdown of the symmetrical triangle support indicates increased bearish pressure, with sellers likely to maintain control. Waiting for confirmation of sustained bearish momentum ensures alignment with market trends before entering a trade.
Short
by PIPSFIGHTER